CTVA Board Approves Vylor Spin-Off, Sets Sept 24 Record Date for Oct 1 Distribution
· The NYC Memo
Corteva's board of directors approved the separation of its seed operating segment into Vylor Inc., declaring a pro rata dividend of one Vylor common stock share for every Corteva share held. The record date for the distribution is September 24, 2026, with the distribution expected to complete prior to October 1, 2026.
Vylor common stock is expected to begin 'when-issued' trading on September 25, 2026, and 'regular way' trading on October 1, 2026, under the ticker 'VYLR'.